The spot rate approaches the lower limit of its medium-term bearish channel at 81.20 suggesting a rebound in the short term. However a break of these levels would initiate a downward trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 81.20 with a 1st objective of 81.90, then 82.10. A break in 81.00 would invalidate this scenario.
